New York, March 2, 2026, 16:13 EST — After-hours
- Caterpillar shares rose 1.4% to $753.29 during Monday’s session.
- The company pointed to fresh rentals, service offerings, and autonomy demonstrations linked to CONEXPO-CON/AGG in Las Vegas.
- March 4 brings a keynote the traders have their eye on, followed by a Jefferies fireside chat set for March 5.
Caterpillar shares gained ground Monday, with CAT up roughly 1.4% to $753.29 following the company’s rollout of fresh technology and services tied to the CONEXPO-CON/AGG construction event in Las Vegas.
Timing is key here. Both major contractors and smaller players are contending with a tight labor pool, heavier safety requirements, and mounting pressure to maximize machine output — all points Caterpillar is highlighting this week.
Investors are being sold on a different mix these days: think more software-style offerings, heavier focus on services, plus ongoing engagement—rather than just pushing out a fresh dozer sale every few years.
Caterpillar plans to roll out Cat Rentals and Cat Compact at CONEXPO, as well as extend its AI and autonomy tools. The company is also upgrading its “Services Commitment,” promising next-day delivery for parts and two-day repairs—plus credits for customers if those timelines slip. “As jobsites become more complex, we’re rapidly innovating to simplify how our customers operate and grow — at any scale,” CEO Joe Creed said. https://www.caterpillar.com/en.html
The company flagged a “Ground Breakers” keynote lined up for Wednesday, March 4. Then on Thursday, March 5, Creed will join construction group president Rod Shurman for a Jefferies-hosted fireside chat.
Caterpillar’s latest push? Autonomy, right in the dirt. The industry outlet iVT reports the company will demo its CS12 soil compactor operating cab-free—no human inside. “Autonomy is here. It isn’t coming,” a Caterpillar manager told the publication. IVT International
Digital comes to the forefront as Caterpillar folds Geotab’s on-highway data into its VisionLink fleet platform—a move aimed at giving customers a single dashboard for tracking and managing mixed fleets, whether Cat or not, on or off the jobsite. “Our customers want one simple way to manage everything in their fleet,” said Ogi Redzic, Cat Digital’s chief digital officer. “Geotab leverages advanced data analytics and AI to transform fleet performance,” Geotab CEO Neil Cawse added. For Construction Pros
Caterpillar shares advanced, part of a wider push higher across industrials. The Industrial Select Sector SPDR ETF ticked up roughly 1.0%. Deere hovered near flat, while United Rentals dropped over 2% during Monday’s session.
This week isn’t all demos. Wall Street ended nearly unchanged following a choppy session, rattled by weekend air strikes on Iran and a spike in oil prices—headline risk like that can quickly overshadow company news.
But then there’s Caterpillar’s recurring headache: excitement at trade shows rarely translates straight into actual sales. Back in January, the company flagged potential tariff costs of around $2.6 billion for 2026. Jefferies’ Stephen Volkmann doesn’t see relief coming soon—he’s bracing for those headwinds to stick around right through 2026.
The talk track comes next. Traders are eyeing Caterpillar’s March 4 keynote and the March 5 Jefferies fireside chat for anything new on demand, service execution, and how technology adoption is shaping up.
